Connect with us
DAPA Banner
DAPA Coin
DAPA
COIN PAYMENT ASSET
PRIVACY · BLOCKDAG · HOMOMORPHIC ENCRYPTION · RUST
ElGamal Encrypted MINE DAPA
🚫 GENESIS SOLD OUT
DAPAPAY COMING

Business

Pimco CIO sees risk of US Fed hiking rates due to Iran war

Published

on

Pimco CIO sees risk of US Fed hiking rates due to Iran war
The war in Iran may lead the Federal Reserve to further delay interest-rate cuts and instead raise rates, Pimco Chief Investment Officer Dan Ivascyn told the Financial Times.

The bond powerhouse’s CIO said surging energy prices tied to Iran’s closing of the Strait of Hormuz create a new challenge for US policymakers who have struggled to bring inflation down to the central bank’s 2% target, the FT reported, citing an interview.

The “US is further away from that, but you are going to see more tightening as it looks today in Europe, the UK and maybe even Japan, and I wouldn’t take it completely off the table for the US either,” Ivascyn told the FT. He said any reduction in rates would be counterproductive “given the inflation dynamic and the uncertainty around inflation,” saying any such move “very well could lead to higher intermediate long-term rates.”

Franklin Templeton CEO Jenny Johnson told the FT that “inflation is going to be harder to keep control of” for the Fed. Investors are showing an increased appetite for inflation-protected assets, Johnson was cited as saying.

Advertisement

The Fed kept rates steady in its past two meetings. Few market watchers expect rate hikes in the near term but there is uncertainty over what the central bank may do in coming meetings. Three regional Fed presidents dissented from the Fed policy statement in April saying the board had a bias toward easing policy.


Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Business

Buc-ee’s to open new locations in six new states

Published

on

Buc-ee's to open new locations in six new states

At least six states are slated to open their first Buc-ee’s locations by the end of next year, including two states expected to debut sites in the coming months of 2026.

The Texas-based gas station chain — known for its oversized travel plazas with clean restrooms and beaver-themed merchandise — is expected to open locations in Arizona and Arkansas later this year.

Advertisement

Buc-ee’s inaugural locations for next year also include Wisconsin, Louisiana, Kansas and North Carolina.

While the company’s website currently lists 55 locations across 12 states, the planned expansion would extend Buc-ee’s into 20 states. 

BELOVED BUC-EE’S CONVENIENCE STORE CHAIN FACES CUSTOMER SERVICE CRISIS AFTER DEVASTATING ‘F’ RATING

buc-ee's gas station seen during sunset

Gas pump stations at the Buc-ee’s convenience on June 12, 2024, in Luling, Texas.  (Brandon Bell/Getty Images / Getty Images)

According to Fox 10 Phoenix, Arizona is scheduled to open its first Buc-ee’s store in Goodyear on June 22.

Advertisement

Located near Interstate 10 and Bullard Avenue, the site will span 74,000 square feet and feature 120 fueling positions.

A similar setup is also expected to debut in Benton, Arkansas, according to the company. 

“We’re happy to announce that it looks to be early to mid-August that the grand opening will take place,” Chairman of the City of Benton Advertising and Promotion Commission Bill Eldridge said, according to local outlet KATV.

The location is planned for the northwest corner of I-30 and State Highway 299.

Advertisement

BUC-EE’S PLANS TO OPEN THE WORLD’S LARGEST CONVENIENCE STORE 

merchandise inside Buc-ee's Luling site

The Texas-based convenience store and gas stop, Buc-ee’s has become the world’s largest convenience store with over 100 gas pumps and a 75,000 square foot store. (Eric Guel / Getty Images)

Wisconsin’s first Buc-ee’s location is planned for Oak Creek, according to the city government. The store is expected to open in early 2027 at the southwest corner of I-94 and Elm Road, featuring 120 gas pumps across a 73,370-square-foot travel center.

Ruston, Louisiana, is targeting a mid-2027 opening for its first Buc-ee’s location, according to the city. The site is planned for the intersection of I-20 and Tarbutton Road, spanning over 70,000 square feet and including more than 100 fuel pumps.  

Kansas’ first Buc-ee’s location will come next year in Kansas City, featuring a similar layout to other new builds. The 74,000 square-foot gas station is planned near I-70 and West Village Parkway and is projected to open sometime in 2027.

Advertisement

North Carolina’s first Buc-ee’s location in Mebane is slated to open its doors in the coming expansion wave, marking the chain’s continued push into the Southeast. The giant convenience store is expected to open in the fourth quarter of 2027, according to local outlet WXII.

Employees prepare brisket offerings inside Buc-ee's in Luling, Texas.

Employees prepare food inside a Buc-ee’s convenience store on June 12, 2024, in Luling, Texas. (Brandon Bell / Getty Images)

GET FOX BUSINESS ON THE GO BY CLICKING HERE

While six states are expected to receive their first beaver-branded mega travel centers under Buc-ee’s expansion plans, several states already home to the chain are also set for additional locations.

Texas will open its 37th Buc-ee’s site in July in San Marcos, the Austin American-Statesman reported

Advertisement

Elsewhere, travel centers are expected to open next year in Monroe County, Georgia; Lafayette, Louisiana; St. Lucie and Tallahassee, Florida; Gallaway, Tennessee; and Fayette County, Arkansas.

Oak Grove, Kentucky, is also expected to receive a Buc-ee’s location in 2027 or later, while West Memphis has been pushed to June 2028, according to Arkansas Democrat Gazette. 

Continue Reading

Business

CVS Health: Still Cheap And Signs Of Improvement

Published

on

CVS Health: Still Cheap And Signs Of Improvement

CVS Health: Still Cheap And Signs Of Improvement

Continue Reading

Business

Retiring Early? Consider These 3 Things First.

Published

on

Retiring Early? Consider These 3 Things First.

Retiring Early? Consider These 3 Things First.

Continue Reading

Business

Trump demands federal agencies buy American and end waiver loopholes

Published

on

Trump demands federal agencies buy American and end waiver loopholes

President Donald Trump said Sunday that federal agencies must prioritize American-made products in government purchasing, touting efforts to tighten enforcement of “Buy American” policies and limit exceptions that allow foreign goods.

“ALL FEDERAL AGENCIES MUST BUY AMERICAN — NO EXCUSES!” Trump exclaimed on Truth Social. “For decades, Washington politicians sent your Taxpayer Dollars overseas, and let Foreign Countries rip us off while our Workers, Factories, and Supply Chains were left behind. That betrayal is OVER.

Advertisement

“My Administration is strengthening MADE IN AMERICA Laws, ENDING Waiver Loopholes, and STOPPING the Federal Government from buying Foreign Products when Great American Products are available — And to the D.C. Bureaucrats: NO MORE handing out Waivers like candy!” he continued. “No more rubber-stamping exceptions for Foreign Products while American Workers get shafted.

“We are putting American Workers, American Factories, and American Supply Chains FIRST — Bigger, better, and stronger than ever before! I already signed EO 14392 to crack down on fake “MADE IN AMERICA” claims, and we are enforcing it HARD,” he added. “No more games. No more fake labels. No more ripping off the American Taxpayer. AMERICA FIRST means BUY AMERICAN!”

SELF-DEFENSE COMPANY FINDS MAJOR BENEFITS AFTER MOVING MANUFACTURING FROM OVERSEAS TO US

President Donald Trump

President Donald Trump said federal agencies must buy American-made products and stop using waiver loopholes to purchase foreign goods. ( Jim WATSON / AFP via Getty Images / Getty Images)

The comments come as the Trump administration moves to tighten domestic sourcing requirements across federal procurement, part of a broader push to boost U.S. manufacturing and reduce reliance on foreign supply chains.

Advertisement

In March, Trump signed an executive order aimed at combating fraudulent “Made in America” labels by foreign manufacturers and sellers, Reuters reported.

BUILT ON GRIT: FOX BUSINESS CROWNS THREE ‘MADE IN AMERICA’ SMALL BUSINESS WINNERS

Lumber wood products made in USA

Stacks of U.S. lumber are stamped ‘Made In USA’ and available for sale at Home Depot on March 3, 2025, in Pasadena, California. (Mario Tama/Getty Images / Getty Images)

The order directs the Federal Trade Commission to prioritize enforcement against companies that falsely label products as U.S.-made or make misleading origin claims in violation of existing law.

It also calls on federal agencies responsible for country-of-origin labeling to work with the FTC to consider new regulations and ensure consistent guidance across the government.

Advertisement

JPMORGAN CHASE LAUNCHES AMERICAN DREAM INITIATIVE TO EXPAND SMALL BUSINESS SUPPORT ACROSS THE U.S.

Trump signs executive order

U.S. President Donald Trump signed an executive order in March to combat fraudulent “Made in America” labels by foreign manufacturers. (Ken Cedeno/Reuters / Reuters)

As part of the administration’s broader focus on domestic manufacturing, the order requires agencies overseeing federal procurement contracts to periodically verify that products marketed as American-made meet those standards and directs suspected violations to be referred to the U.S. Department of Justice for potential enforcement action.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Trump’s post emphasized closing those loopholes, particularly targeting what he described as overuse of waivers by federal agencies.

Advertisement

Reuters contributed to this report.

Continue Reading

Business

How China’s evolving consumer habits may protect the Amazon rainforest

Published

on

How China’s evolving consumer habits may protect the Amazon rainforest


How China’s evolving consumer habits may protect the Amazon rainforest

Continue Reading

Business

Trump rejects Iran’s response to US peace proposal as ’unacceptable’

Published

on

Trump rejects Iran’s response to US peace proposal as ’unacceptable’


Trump rejects Iran’s response to US peace proposal as ’unacceptable’

Continue Reading

Business

Rio Tinto, Yindjibarndi sign Jinbi green power deal

Published

on

Rio Tinto, Yindjibarndi sign Jinbi green power deal

A power offtake deal signed by iron ore miner Rio Tinto will underpin construction of Australia’s first Indigenous-backed large renewable energy project in the Pilbara.

Continue Reading

Business

No summer border delays for Brits, Greek tourism minister says

Published

on

No summer border delays for Brits, Greek tourism minister says

Olga Kefalogianni says the Greek government doesn’t want visitors to be “burdened” by biometric checks.

Continue Reading

Business

Oil jumps as US and Iran disagree on peace proposal

Published

on

Oil jumps as US and Iran disagree on peace proposal
SINGAPORE: Oil prices jumped $3 a barrel on Monday as the United States and Iran failed to agree to a peace proposal drafted by Washington while the Strait of Hormuz remained largely closed, keeping global energy supplies tight.

Brent crude futures climbed $3.18 or 3.14% to $104.47 ‌a barrel by ⁠2336 ⁠GMT, extending a 1.23% gain on Friday.

U.S. West Texas Intermediate was at $98.51 a barrel, up $3.09, or 3.24%, after settling 0.64% higher in the previous session.

Hopes for an imminent end to the 10-week-old U.S.-Iran conflict that would allow oil transit through the Strait of Hormuz were dashed after President Donald Trump on Sunday ⁠dismissed the ‌Iranian response to a U.S. proposal for peace talks as “unacceptable”.

Advertisement

Trump is scheduled to arrive in Beijing on ⁠Wednesday and is expected to discuss Iran among other topics with Chinese President Xi Jinping, according to U.S. officials.


“Market attention now shifts squarely to President Trump’s visit to China this week,” IG market analyst Tony Sycamore said in a note.
“There is hope he can persuade Beijing to leverage its influence over Iran to push for a ‌comprehensive ceasefire and a resolution to the ongoing disruption in the Strait of Hormuz.” The world has lost about 1 billion barrels of ⁠oil over the past two months and energy markets will take time to stabilise even if flows resume, Saudi Aramco CEO Amin Nasser said on Sunday.

Another two tankers laden with crude exited the Strait of Hormuz last week with trackers switched off to avoid Iranian attacks, Kpler shipping data showed, underscoring a rising trend to sustain Middle East oil exports.

Continue Reading

Business

India underperforms Asian rivals amid earnings and valuation strain

Published

on

India underperforms Asian rivals amid earnings and valuation strain
Mumbai: When the equity market of the fastest growing economy is inflicting losses on investors in contrast to those growing at half the rate but returning 50% in less than six months, there appears to be a paradox. But there could be reasons behind it, however outlandish they may sound.

It is perplexing for some as to why Indian equities are down 7.5% this year while South Korea, whose economy is projected by the International Monetary Fund (IMF) to grow at half of India’s – at 3.3% – has rallied 74% drawing global investors. The answer lies in corporate earnings and not economic growth.

Every few years, a fever grips the investing community and that drives a set of stocks to dizzying heights even while others in the same market languish. The current theme is that of Artificial Intelligence (AI) . While most of the companies like OpenAI and Anthropic that are driving the transformation are still in private markets, the desire to grab a share of that pie is driving the average investor to listed companies securing revenues from those pioneering AI.

Silicon chips are the foundation on which the AI revolution stands. Any company producing them is a winner. Nvidia Inc., a chip maker, is valued beyond $5 trillion, which is more than the GDP of India. This craze to own the future is spilling over to South Korea and Taiwan where a few companies such as Samsung Electronics are involved in producing the chips for AI.

Advertisement

The rush to own chip makers has pushed South Korea’s market value to $4 trillion, double that of its GDP. In contrast, India’s market capitalization is at around $4.9 trillion while the GDP is around $4.15 trillion.


What is making the difference? Samsung Electronics and SK Hynix, the chip makers!
The revenue and profit potential of companies developing Large Language Model AIs may still be on paper, but the earnings for those supplying chips are real.The unprecedented demand for chips is forcing analysts to forecast earnings growth of 220% for Korea and 58% for Taiwan. By contrast, India that doesn’t have a direct AI play is at 18%.

Some analysts project Samsung to earn a profit of $250 billion this year and SK Hynix $150 billion. Taiwan’s TSMC is projected at $100 billion. The entire Indian listed corporate system may earn around $200 billion. When Korean and Taiwan companies are growing, Indian companies are staring at a cut in their earnings estimates.

Even if the earnings are skewed with just a handful of companies, investors chase value where those assets are still cheap compared to Indian companies. While Korea is trading at around 9.5 times, Taiwan is at 19 times forward year earnings. In contrast, India is still at 19.5 times which makes the local market unattractive even to other peers – reflected in MSCI EM at 12.5 times.

“Global markets are pricing in 20-40% EPS growth, 12-18 times price-to-earnings, versus India’s 18% EPS growth,” says a strategist at Motilal Oswal Securities. “A sustainable earnings growth delivery is critical for reversing the underperformance.”

Advertisement

Apart from the relatively poor corporate earnings growth and steep valuations, India’s long-term dependence on capital flows for meeting its imports is translating into a weaker financial market.

The US-Iran war has not only pushed up energy prices by more than 40% steeply raising import bills, it is also threatening to disrupt supplies in the medium term if the war doesn’t end soon.

Indian rupee is trading at historic lows as foreign investors pull out record funds as they chase assets that are attractive in terms of valuations as well as earnings growth.

“The most exposed macro variable to the current shock is the balance of payment, followed by fiscal position,” says Aastha Gudwani, economist at Barclays. “Administered prices mute immediate inflation pass-through, but at the cost of growing fiscal strain if supply risks persist. Balance of Payments is likely to reel under the stress of shrinking capital inflows.”

Advertisement

This is a further blow to overseas investors who read their returns in US dollar terms. Looking through that prism, the Nifty is down about 8% since its January peak in Rupee terms, and 12% in USD.

To be sure, warnings have been sounded on Wall Street’s highly skewed AI investments.

The key to reversing India’s underperformance lies in boosting corporate earnings and easing macro pressures. Or, in the bursting of the AI bubble.

Advertisement
Continue Reading

Trending

Copyright © 2025